28 Jun 1989
EXXON CHEMICAL INTERNATIOINAL SUPPLY SA v. COMMISSIONER OF INLAND REVENUE
- Citation
- EXXON CHEMICAL INTERNATIOINAL SUPPLY SA v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of First Instance
- Case number
- HCIA2/1989
The profit arose in or was derived from Hong Kong because the essential acts that generated ECIS's mark‑up — obtaining the buyer's order and placing the order with the seller — were performed in Hong Kong; therefore the business was transacted in Hong Kong and the mark‑up profit is taxable under s.14.